NRMLA Serves You—Our Members By Steve Irwin, President, National Reverse Mortgage Lenders Association NRMLA IS A membership association. Membership is at a company level, with employees of that company able to enjoy the benefits of membership at no cost to themselves as member delegates. Through the support and participation of our member delegates, we can continually move our segment forward and celebrate all we have been able to accomplish. We, as an association, have worked tirelessly to advocate on our members’ behalf—and on behalf of the senior homeowners our members serve. In Washington, we have successfully worked on both sides of the aisle with the U.S. Senate Appropriations Committee and U.S. House Appropriations Committee. We have also developed meaningful relationships, again on both sides of the aisle, with the U.S. Senate Banking Committee and U.S. House Financial Services Committee. We engage with the U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) to ensure a continued and successful HECM program. There remains work to be done with HUD. But through meetings with FHA commissioners, other political appointees and career staff, NRMLA has been able to ensure the department’s continued support of the HECM program through successive administrations. We also continue to frequently engage with Ginnie Mae on our members’ behalf to ensure continued liquidity for the reverse mortgage marketplace. NRMLA has created a committee structure that enables our members to collaborate as competitors on a myriad of common issues. Members are welcome to participate in these committees. NRMLA administers the most rigorous reverse mortgage certification program: the CRMP. NRMLA launched the Reverse Mortgage Market Index in partnership with RiskSpan to track accumulated senior home equity. NRMLA maintains two unique websites on behalf of our members: a member site, NRMLAonline.org, and a robust consumer site, reversemortgage.org. We have developed a set of guides for consumers and their trusted advisers on reverse mortgage products. NRMLA publishes the award-winning Reverse Mortgage magazine for our members as a complimentary benefit of membership. We also publish a weekly newsletter as a membership benefit. Furthermore, NRMLA hosts several unique, best-inclass conferences and exhibitions each year. The feedback from these events remains overwhelmingly positive, and we are recognized for events that promote best practices, educate our members and provide unique business opportunities for our attendees. We are able to do this work through the strong support and participation of our membership. I hope you and your colleagues find value in what we do on your behalf, and we can count on your continued support in the new year. Moving Forward “Effectively, change is almost impossible without industry-wide collaboration, cooperation and consensus”—Simon Mainwaring, Branding Expert and Author Steve Irwin 4 REVERSE MORTGAGE / JANUARY-FEBRUARY 2024
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